a r t i c l e i n f o Keywords: Trading volume Buy–sell imbalance Financial crisis We confirm that investors in different categories have different trading patterns caused by attention-grabbing factors. Stocks with extreme one-day returns catch the attention of both individual and institutional investors. Individual investors are net buyers of losers whereas institutional investors are net buye...

Representative investors whose behavior is modeled by a deterministic finite automaton generate complexity both in the time series of each asset and in the cross-sectional correlation when the rule governing their behavior is schizophrenic, meaning the investor holds multiple seemingly contradictory beliefs simultaneously, either by switching between two different rules at each time step, or co...

We study rankings of completely and partially diversified portfolios and also of specialized assets when investors follow so-called Markowitz preferences. It turns out that diversification strategies for Markowitz investors are more complex than in the case of risk-averse and risk-inclined investors, whose investment strategies have been extensively investigated in the literature. In particular...

Autobiographical memories (AMs) are personally experienced events that may be localized in time and space. In the present work we present an overview targeting memories evoked by the sense of smell. Overall, research indicates that autobiographical odor memory is different than memories evoked by our primary sensory systems; sight, and hearing. Here, observed differences from a behavioral and n...

“I simply divided my life, cut across it like that. So that everything before that was just getting ready, and after that I was in some strange way altered, really,” said Katherine Anne Porter about her nearly fatal encounter with the Spanish flu. “It took me a long time to go out and live in the world again.” Years later, in a thinly disguised autobiographical novel, she laid out not just her ...

STUDY OBJECTIVE The aim was to evaluate the hypothesis that sunlight exposure leads to the development of gallstones in people with a sun sensitive skin. DESIGN AND SETTING This was a case-control study among 206 white patients referred for an ultrasound examination of the gallbladder. Sunlight exposure and skin sensitivity were retrospectively assessed by a structured questionnaire. The ques...

This paper investigates whether investors’ domestic experience helps them enter foreign markets. We show that investors first invest in domestic securities and only some time later they invest abroad in foreign securities. We also show that investors who trade more often in the domestic market start to invest abroad earlier. Our findings suggest that the experience investors acquire while they ...